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$SPLS and $ODP said they will begin their hearing in U.S District Court on Monday to get an approval for the merger of the two firms. The companies, in a letter to customers, said the Federal Trade Commission's actions to stop their merger is based on a "flawed analysis of the marketplace and a deep misunderstanding of the competitive landscape."
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?